Royale Energy Inc. (OTCMKTS:ROYL – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 24,594 shares, a growth of 72.7% from the April 15th total of 14,237 shares. Based on an average daily trading volume, of 58,930 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
Royale Energy Price Performance
Shares of OTCMKTS ROYL remained flat at $0.10 during trading on Monday. The stock had a trading volume of 15,254 shares, compared to its average volume of 60,731. Royale Energy has a 1 year low of $0.02 and a 1 year high of $0.19. The firm has a 50-day moving average of $0.09 and a 200-day moving average of $0.06. The stock has a market cap of $9.66 million, a PE ratio of -3.33 and a beta of -0.23.
Royale Energy Company Profile
Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.
The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.
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